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Arabica coffee futures bull run continues

Coffee prices on the commodities market jumped 10% on Tuesday, to 1.5665 per pound in New York. On Thursday, the price per pound reached the highest point in about 16 months at $1.7750. Analysts reacted to the announcement of precipitation

Arabica Coffee Futures Near 14-Year High –

Arabica coffee futures hit a nearly 14-year high, as a pound of unroasted beans fetched nearly as much as a cup of brewed gourmet coffee. Worries that scarce supplies won’t be able to keep up with increased demand sent arabica